Green Alpha Advisors LLC Lowers Stock Holdings in Twilio Inc. (NYSE:TWLO)

Green Alpha Advisors LLC reduced its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 37.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,534 shares of the technology company's stock after selling 3,317 shares during the quarter. Green Alpha Advisors LLC's holdings in Twilio were worth $542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Twilio by 718.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Twilio during the fourth quarter valued at about $301,258,000. Norges Bank bought a new stake in shares of Twilio during the fourth quarter valued at about $222,146,000. Two Sigma Investments LP increased its position in shares of Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company's stock worth $122,101,000 after purchasing an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new position in shares of Twilio during the fourth quarter valued at $111,312,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

TWLO traded up $1.72 during trading on Thursday, hitting $121.59. The company's stock had a trading volume of 1,111,376 shares, compared to its average volume of 2,677,037. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of -189.98, a P/E/G ratio of 4.30 and a beta of 1.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The business's fifty day simple moving average is $100.72 and its 200 day simple moving average is $109.91.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. On average, equities research analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on Twilio from $145.00 to $108.00 and set a "hold" rating for the company in a report on Monday, April 28th. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Stifel Nicolaus lifted their price objective on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, February 14th. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. Finally, William Blair reiterated an "outperform" rating on shares of Twilio in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.41.

Insiders Place Their Bets

In other Twilio news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director now owns 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 14,545 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the transaction, the chief executive officer now directly owns 280,589 shares of the company's stock, valued at $25,704,758.29. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,884 shares of company stock valued at $4,719,065. 0.21% of the stock is owned by company insiders.

Twilio Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.